India's economy is growing rapidly but the public is not getting its benefits equally. Inequality is a big reason. On one hand, some people in the country have wealth worth crores of rupees, while on the other hand, lakhs of people are forced to live below the poverty line.
According to Oxfam international report, only 1 percent of the population in india owns about 40 percent of the country's wealth. This means that a small section is extremely wealthy, while the majority of the population is economically weak. India's infrastructure still does not reach world-class standards. Dilapidated roads, inadequate power supply and weak public transport system hinder the economic development of the country.
These shortcomings not only increase production costs but also hinder attracting investment. However, there has been a lot of improvement compared to previous decades. Apart from this, lack of skilled manpower in india is also a big challenge. For this reason many companies turn to foreign countries in search of skilled employees. These companies shy away from investing in india, which has a negative impact on the economic development of the country.
Corruption is also a serious disease of indian economy. This not only restricts the circulation of wealth, but also prevents investment and hampers economic growth. However, it is also important to note that india is making rapid progress in improving this direction.
